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Rating:Smead Plans an Advisor Share Class for its Value Fund Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, August 13, 2009

Smead Plans an Advisor Share Class for its Value Fund

by: Armie Margaret Lee

Smead Capital Management has filed papers with the SEC to launch an Advisor share class for the Smead Value Fund. The share class will come with an expense ratio of 216 bps, including a 12b-1 fee of 100 bps.

Bill Smead, CIO and Cole Smead, director of marketing and sales
Smead Capital Management
"We saw an opportunity in it," said Cole Smead, director of marketing and sales, in an interview. "A lot of people we know were using C share-type investments."

The fund AUM of $23.4 million at the end of July. The Investor Share class comes with an expense ratio of 140 bps.
Company Press Release

SEATTLE, Washington (August 12, 2008) – The Smead Value Fund (SMVLX) announced plans to launch an Advisor Share Class. The new class of shares will be used as an opportunity to engage the broker dealer community. This class will be added to expand on the current no-load Investor Share Class of the Fund. The Advisor Class of Shares will be focused on financial advisors and planners who do business on a commission basis.

“We look forward to combining our optimistic view of investing in U.S. Large Cap ‘quality’ stocks with the strong stewardship of financial advisors,” said Bill Smead, Chief Investment Officer of Smead Capital Management. “With our roots on that side of the investment business, we believe we can add a lot of value to the brokerage community and their clients because we have walked in their shoes before.”

The new Advisor Class of Shares will look much like a traditional C-Share class. The Advisor Share Class expense ratio will be capped at 2.15%, 1.00% of which is paid to the broker dealer in the form of a 12b-1 fee. The Investor Class of Shares are currently capped at 1.40%. The Investor Share Class had $23.4 million invested as of July 31st, 2009.

About the Smead Value Fund

The Smead Value Fund (SMVLX) is a large cap open-end mutual fund that was launched on January 2nd, 2008. Seattle-based Smead Capital Management is the Adviser to the Fund. Bill Smead is the Lead Portfolio Manager of the Fund. He is assisted by Co-Portfolio Manager Tony Scherrer. Tony holds the Chartered Financial Analyst (CFA) designation. For more information visit http://www.smeadfunds.com or call (206) 838-9850.

About Smead Capital Management

Smead Capital Management manages large cap portfolios for institutional investors and high net worth individuals with a value-oriented investment discipline. As of June 30th, 2009, the firm managed $139 million in all accounts, including mutual funds. The firm was formed in July 2007 by CIO Bill Smead, who has been in the investment business since 1980. For more information visit http://www.smeadcap.com or call (206) 838-9850.

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